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This thesis employs two OLG Models to analyze the partially funded pension system in China, and proves that the reduction of the population growth rate will lead to the increase of the payment rate. And intergenerational transfer rate between two generations will improve. The ascending of the enterprise payment rate during political-economy equilibrium is determined by the decline of capital output...
This paper applies the panel unit root test, heterogeneous panel cointegration test and panel causality analysis to investigate the relationship and direction of causality between electricity consumption and economic growth for 28 provinces in China during period of 1985–2008. The empirical results show that there are cointegration relationship and long-run bidirectional causality between electricity...
This paper attempts to investigate the relationship between power plant investment, electricity production and economic growth in China, and forecasts at least 5 years, using modern econometrics techniques and software for the period 1980-2009. The paper applies unit root test, Johansen cointegration test and vector error correction model for the past 30 years data, which include GDP, power industry...
The selection of the distribution network connection mode is the precondition and key base work for improving the technical and economic of the distribution system. To take into account the influence of uncertainties in power network expansion planning, the fuzzy and blind number theory is deduced and used for measurement and calculation of uncertain information which influence the final decision...
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